Desert Sunlight Project
Encyclopedia
The Desert Sunlight Project is a 550 MW solar power
plant under construction, that will use approximately 8.8 million cadmium telluride
thin-film solar photovoltaic modules made by First Solar
. Project construction will take place in two phases, both of which are supported by power purchase agreements. Phase I will have a capacity of 300 MW, which will be sold to Pacific Gas & Electric Company, while Phase II will have a capacity of 250 MW, which will be sold to Southern California Edison. The project is expected to involve more than 550 construction jobs in Riverside County, California
.
The $1.46 billion in loans for the project are partially guaranteed by DOE and will be funded by a group of investors led by Goldman Sachs Lending Partners, which submitted the project under the Financial Institution Partnership Program (FIPP), and Citigroup Global Markets Inc. as co-lead arranger.
Solar power
Solar energy, radiant light and heat from the sun, has been harnessed by humans since ancient times using a range of ever-evolving technologies. Solar radiation, along with secondary solar-powered resources such as wind and wave power, hydroelectricity and biomass, account for most of the available...
plant under construction, that will use approximately 8.8 million cadmium telluride
Cadmium telluride
Cadmium telluride is a crystalline compound formed from cadmium and tellurium. It is used as an infrared optical window and a solar cell material. It is usually sandwiched with cadmium sulfide to form a p-n junction photovoltaic solar cell...
thin-film solar photovoltaic modules made by First Solar
First Solar
First Solar, Inc. is an American manufacturer of thin film photovoltaic modules, or solar panels, and a provider to PV power plants of supporting services that include finance, construction, maintenance and end-of-life panel recycling...
. Project construction will take place in two phases, both of which are supported by power purchase agreements. Phase I will have a capacity of 300 MW, which will be sold to Pacific Gas & Electric Company, while Phase II will have a capacity of 250 MW, which will be sold to Southern California Edison. The project is expected to involve more than 550 construction jobs in Riverside County, California
Riverside County, California
Riverside County is a county in the U.S. state of California. One of 58 California counties, it covers in the southern part of the state, and stretches from Orange County to the Colorado River, which forms the state border with Arizona. The county derives its name from the city of Riverside,...
.
The $1.46 billion in loans for the project are partially guaranteed by DOE and will be funded by a group of investors led by Goldman Sachs Lending Partners, which submitted the project under the Financial Institution Partnership Program (FIPP), and Citigroup Global Markets Inc. as co-lead arranger.